H. B. Fuller Co. (NYSE:FUL) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.
According to Zacks, “H.B. Fuller Company is a worldwide manufacturer and marketer of adhesives, sealants, coatings, paints and other specialty chemical products. The company’s largest worldwide business category is adhesives, sealants and coatings. These products are sold to customers in a wide range of industries, including packaging, woodworking, automotive, aerospace, graphic arts (books/magazines), appliances, filtration, windows, sporting goods, nonwovens, shoes and ceramic tile. “
Other equities research analysts also recently issued research reports about the company. Seaport Global Securities upgraded H. B. Fuller from an “accumulate” rating to a “buy” rating and boosted their price objective for the company from $50.00 to $51.00 in a report on Monday. Deutsche Bank AG boosted their price objective on H. B. Fuller from $47.00 to $50.00 and gave the company a “hold” rating in a report on Friday, June 24th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $50.00.
Shares of H. B. Fuller (NYSE:FUL) opened at 46.04 on Wednesday. The firm has a market cap of $2.32 billion, a P/E ratio of 21.41 and a beta of 1.75. The firm’s 50-day moving average price is $46.77 and its 200 day moving average price is $45.18. H. B. Fuller has a one year low of $32.49 and a one year high of $48.83.
H. B. Fuller (NYSE:FUL) last released its quarterly earnings data on Wednesday, September 21st. The company reported $0.64 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by $0.03. H. B. Fuller had a net margin of 5.32% and a return on equity of 13.66%. During the same period in the prior year, the company posted $0.61 EPS. Analysts predict that H. B. Fuller will post $2.48 EPS for the current year.
In other H. B. Fuller news, insider James Owens sold 55,048 shares of the company’s stock in a transaction on Friday, July 29th. The stock was sold at an average price of $46.43, for a total value of $2,555,878.64. Following the completion of the transaction, the insider now owns 151,293 shares in the company, valued at approximately $7,024,533.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Timothy J. Keenan sold 8,037 shares of the company’s stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $46.03, for a total value of $369,943.11. Following the completion of the transaction, the vice president now owns 22,142 shares of the company’s stock, valued at approximately $1,019,196.26. The disclosure for this sale can be found here. Corporate insiders own 3.55% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in FUL. Capstone Asset Management Co. increased its position in shares of H. B. Fuller by 1.4% in the second quarter. Capstone Asset Management Co. now owns 16,526 shares of the company’s stock worth $727,000 after buying an additional 230 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in shares of H. B. Fuller by 2.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,244,741 shares of the company’s stock worth $52,839,000 after buying an additional 33,211 shares during the period. BlackRock Group LTD increased its position in shares of H. B. Fuller by 8.4% in the first quarter. BlackRock Group LTD now owns 62,861 shares of the company’s stock worth $2,669,000 after buying an additional 4,853 shares during the period. Quantbot Technologies LP increased its position in shares of H. B. Fuller by 184.3% in the second quarter. Quantbot Technologies LP now owns 12,587 shares of the company’s stock worth $553,000 after buying an additional 8,160 shares during the period. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of H. B. Fuller during the first quarter worth about $438,000. Hedge funds and other institutional investors own 89.00% of the company’s stock.
About H. B. Fuller
H.B. Fuller Company is a formulator, manufacturer and marketer of adhesives, sealants and other specialty chemical products. The Company’s segments include Americas Adhesives; Europe, India, Middle East and Africa (EIMEA); Asia Pacific, and Construction Products. The Americas Adhesives segment includes a range of specialty adhesives, such as thermoplastic, thermoset, reactive, and water-based and solvent-based products.
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